New £150m funding scheme launches for small businesses in Scotland

New £150m funding scheme launches for small businesses in Scotland
Dan Martin
Dan MartinDan Martin Content & Events

Posted: Thu 5th Oct 2023

A £150m scheme providing loans and equity funding for Scottish small and medium-sized businesses has been launched by the British Business Bank.

The new initiative provides debt finance from £25,000 to £2m and equity investments up to £5m.

The Investment Fund for Scotland is the second of six funds being unveiled by the British Business Bank to even up regional disparities when it comes to accessing business finance. It follows the launch of a £200m fund for businesses in South West England in July.

Louis Taylor, chief executive of the British Business Bank, said:

"With this fund for Scottish businesses, we hope to open the doors to new opportunities for a range of smaller firms looking to get started, grow, and develop across different sectors.

"We know that access to finance is a key concern for small businesses and are committed to ensuring that founders from all over the country have the same prospects in terms of finance, no matter where they are based.

"Scotland is a nation of entrepreneurs and innovators and recent success stories from spin-outs and early-stage businesses show that there is huge economic potential. We want to create local opportunities and generate an impact that spans beyond the fund, helping to boost productivity, innovation and employment."

Three fund managers have been appointed to oversee the Investment Fund for Scotland.

DSL Business Finance is managing the smaller loans (£25,000 to £100,000), The FSE Group is responsible for larger loans (£100,000 to £2m) and Maven Capital Partners is managing equity deals (up to £5m).

To find out more and apply for funding, visit

The British Business Bank will also launch funds of £150m, £130m and £70m for Wales and Northern Ireland later this year, while a £400m scheme for businesses in the Midlands and £660m for Northern England opens for applications in 2024.

The schemes were first announced by the then chancellor Rishi Sunak in his 2021 Autumn Budget.

Last month, the Scottish government announced a £15m support package to "unleash entrepreneurial talent from all walks of life and all parts of Scotland".

Relevant Enterprise Nation resources

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Small business funding: How to choose the right type of funding for you

Small business funding: How much money should you ask for?

Small business funding: How to use the money you raise

Dan Martin
Dan MartinDan Martin Content & Events
I'm a freelance journalist and event host who helps small businesses and the organisations that support them. I'm also Enterprise Nation's news reporter and Bristol Local Leader. I have 20 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from famous names like Sir Richard Branson and Deborah Meaden to the founders behind brand new start-ups. I've worked for a range of leading small business publications and support groups, most recently as head of content at Enterprise Nation where I was responsible for the prolific output of content on the company's blog and social media. I now freelance for Enterprise Nation as the website's news reporter and as the host of the Small Business sessions podcast. I'm based in Bristol where I run and host regular events with the local small business community in my role as Enterprise Nation's Local Leader for Bristol. I also have strong connections with other major business organisations in the south west region. In total, I've hosted over 100 events including conferences with an audience of hundreds for international brands like Xero and Facebook and live web chats from inside 10 Downing Street. With my partner, I co-run Lifestyle District, a lifestyle blog focused on culture, art, theatre and photography.

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